1 historical numbers have been represented for comparative
purposes to reflect the classification of the telecom converter business
(CVT/LED) as a discontinued operation in Q3 2012.

3W Power SA (Prime Standard, ISIN GG00B39QCR01, 3W9), the holding
company of AEG Power Solutions (AEG PS), a global leading provider of
power electronic systems and solutions for industrial power supplies and
renewable energies, today announced results for Q3 2012.

Order intake in Q3 2012 was €89.2 million, down 10.2% year-on-year as a
result of a significant drop in orders for polysilicon systems for POC
in RES. Compared to the prior quarter, orders were up 7.4% primarily
coming from Solar which is resuming solid growth after renewed ability
of some key customers to obtain project financing. Order backlog in Q3
2012 was €135.3 million, down 32.4% year-on-year but up 6.7% compared to
Q2 2012. The book-to-bill ratio of 1.10 in Q3 2012 provides a solid
underpinning despite the persistent weaknesses in the macroeconomic
environment.

Revenue in Q3 2012 was €81.0 million, down 21.6% compared to Q3 2011
(€103.2 million) and down 13.7% compared to the prior quarter (€93.8
million) with increases in Solar revenue (up 13.3%) offset by lower POC
and EES revenue. Normalized EBITDA in Q3 2012 was €13.7 million, which
excludes one-time charges of €2.7 million. This corresponds to
normalized EBITDA in Q3 2011 of €17.4 million and €5.9 million in Q2
2012. The Group maintained solid liquidity in Q3 and had €65.3 million
cash on balance sheet at the end of September 2012.

On November 5, AEG PS completed the sale of EMED, a 5.75MW solar
installation in Puglia, Italy for a total consideration of €24.3
million, which includes the assumption of €17.4 million of debt. In Q3
2012, EMED contributed €0.8 million in operating income to the Group.

RES Business Segment

(in € million)

Q3 2012

Q3 20111

Δ in %

Q3 2012

Q2 20121

Δ in %

Order backlog

54.5

119.0

-54.3

54.5

54.2

0.5

Orders

42.1

55.8

-24.5

42.1

37.2

13.3

Revenue

42.3

62.1

-31.8

42.3

51.7

-18.2

EBITDA

11.8

20.0

-40.8

11.8

10.3

15.1

EBITDA margin

27.9%

32.2%

27.9%

19.9%

1 historical numbers have been represented for comparative
purposes to reflect the classification of the telecom converter business
(CVT/LED) as a discontinued operation in Q3 2012.

Orders in Renewable Energy Solutions (RES) were €42.1 million in Q3
2012, down 24.5% from €55.8 million year-on-year, resulting from lower
POC business partially offset by strong order intake from Solar (up
129.4% year-on-year). Compared to Q3, orders were up 13.3% from €37.2
million largely driven by Solar (up 24.5%). RES order backlog in Q3 2012
was €54.5 million, down 54.3% year-on-year but up 0.5% compared to Q2
2012.

RES revenue was down 31.8% to €42.3 million in Q3 2012 compared to €62.1
million in Q3 2011 with increases in Solar revenue not sufficient to
offset the weakness in POC. Compared to Q2 2012, RES revenue was down
18.2% with increases in Solar (up 13.3%) offset by a drop in POC.
Segment EBITDA for RES was €11.8 million in Q3 2012 compared to €20.0
million in Q3 2011, again a reflection of the drop in highly profitable
POC revenues.

In Q3 2012, the Company recorded an accelerated amortization charge for
customer-related intangible assets of €43.3 million driven by the
current significant overcapacity in the POC market and corresponding
investment reluctance of the Company’s customers. The spot market for
polysilicon continues to indicate an oversupply situation. “While we
strongly believe that the polysilicon market will recover in the
medium-term, it remains a strategic priority for us to continue
diversifying the Power Controller business beyond polysilicon
applications into promising areas”, comments Horst J. Kayser, CEO of 3W
Power/AEG Power Solutions.

EES Business Segment

(in € million)

Q3 2012

Q3 20111

Δ in %

Q3 2012

Q2 20121

Δ in %

Order backlog

80.8

81.1

-0.4

80.8

72.6

11.3

Orders

47.1

43.6

8.0

47.1

45.9

2.6

Revenue

38.7

41.1

-5.8

38.7

42.1

-8.0

EBITDA

2.5

2.0

25.0

2.5

0.1

n/a

EBITDA margin

6.5%

4.9%

6.5%

0.3%

1 historical numbers have been represented for comparative
purposes to reflect the classification of the telecom converter business
(CVT/LED) as a discontinued operation in Q3 2012.

In Energy Efficiency Solutions (EES), order intake for Q3 2012 was €47.1
million, up 8.0% year-on-year (Q3 2011: €43.6 million) due to higher EMS
order intake. Compared to the prior quarter, EES showed moderate growth,
up 2.6% mainly due to lower DCT orders. The order backlog stood at €80.8
million in Q3 2012, down 0.4% compared to the prior year but up 11.3%
compared to €72.6 million in Q2 2012.

Revenue was €38.7 million in Q3 2012, down 5.8% compared to the prior
year (Q3 2011: €41.1 million) and down 8.0% compared to €42.1 million in
Q2 2012. Segment EBITDA for EES in Q3 2012 was €2.5 million, including
restructuring charges of €1.3 million, compared to €2.0 million in Q3
2011 and €0.1 million in Q2 2012.

In Q3 2012, the Company has classified its loss-generating telecom
converter business in Lannion, France within EES as a discontinued
operation and asset held for sale. For the three and nine-months ending
September 2012, the Company’s loss from discontinued operations was €4.9
million and €8.2 million, respectively.

Outlook

For the full financial year 2012, 3W Power expects revenue of €370-€380
million and projects a normalized EBITDA margin of at least 9% which
excludes the discontinued operations of the telecom converter business
(CVT/LED). This EBITDA expectation has an additional upside of up to €7
million due to contractual cancellation fees that may be recognized in
Q4 2012. The expectation is based on continued margin improvements in
the EES business segment and an order and sales pipeline above 2011
levels in Solar within RES for the fourth quarter of 2012.

While AEG PS is well diversified and excellently positioned both
technologically and also geographically to capture opportunities in its
key global industrial vertical markets as well as in the renewable
energy markets, the Company expects 2013 will be a challenging year
given the continued global macroeconomic issues and the overcapacity in
the polysilicon industry. As such, AEG PS has initiated a multi-faceted
cost improvement initiative to continue to increase structural
profitability. The Company has launched a global EES headcount reduction
of more than 100 employees, principally in Warstein-Belecke, Germany.
This initiative, together with the effects of product clinics,
purchasing initiatives to reduce material costs and structural
efficiency programs undertaken in 2012, is expected to achieve run-rate
cost savings of approximately €7 million. In addition, AEG PS has
further focused on reducing its central overhead costs and is targeting
an annual run-rate of its central overhead costs of approximately €10
million. Restructuring provisions and one-off costs for all of these
initiatives are expected to be approximately €9.7 million. The Company
took a restructuring charge of €2.4 million in Q3 2012 and expects to
take a charge for the balance of these initiatives in Q4 2012.

The diversity of the Company’s business mix and its exposure to the
solar market makes accurate forecasting in the current economic
environment difficult. For 2013 AEG PS expects to achieve overall sales
volumes above 2012 levels and with its cost reduction initiatives and
stressed emphasis on continuous improvement the Company expects to
maintain similar EBITDA profitability levels to those of 2012. On a
segment level for 2013, AEG PS currently anticipates the following:

Solar orders and revenue to grow profitably year-on-year,

POC orders and revenue to fall short of 2012 levels on continued
weakness in the polysilicon market; POC will remain profitable even at
substantially lower volumes; and,

EES, excluding the telecom converter business (CVT/LED), to achieve
modest year-over-year revenue growth but with a step-change in
profitability given the significant cost improvement initiatives.

Horst J. Kayser emphasizes that ”AEG PS is fortunate to have such a
diversified business both geographically as well as across industries
and markets. With a focus on both cash flow and exciting new growth
areas we are well positioned for the future.” AEG PS’ industrial
business continues to provide a solid and resilient base that helps to
insulate the Company from the more volatile and cyclical business
segments within RES. AEG PS continues to focus on improving the
profitability and cash generation of EES whilst supporting the growth
and development of Solar. The Company’s Solar business is well
positioned and less exposed to the challenging Western European markets
relative to key competitors. The recent certification of the Protect
PV.500-UL to the North American standard now also positions the Company
in the U.S. solar market. Furthermore, the only local producer of
utility scale solar inverters in South Africa, AEG PS is uniquely
positioned in growth regions of Southern Africa as well as in Eastern
Europe and India. Lastly, despite near-term market volatility, the POC
business remains profitable and will continue to be a center of
innovation and technological strength as the Company diversifies into
new promising areas such as advanced industrial applications and power
control systems for energy storage and Smart Grid applications.

-- End of Announcement –

Characters: c. 10,100

About 3W Power/AEG Power Solutions:

3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is
the holding company of AEG Power Solutions Group. The Group is
headquartered in Zwanenburg in the Netherlands. The shares of 3W Power
are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).

AEG Power Solutions (AEG PS) Group is a global provider of power
electronics systems and solutions for all industrial power requirements
offering one of the most comprehensive product and service portfolios in
the area of power conversion and power control. Two complementary
operating business segments, Renewable Energy Solutions (RES) and Energy
Efficiency Solutions (EES) serve customers worldwide. The RES product
and service portfolio consists of systems and solutions for solar power
plants, such as solar inverters, monitoring and control systems as well
as power controllers for a wide range of industrial applications such as
polysilicon, energy storage, sapphire, and glass. The EES product and
service portfolio includes high-performance uninterruptable power
supplies (UPSs), industrial chargers, DC systems and converters.

Thanks to its distinctive expertise, bridging both AC and DC power
technologies and spanning the worlds of both conventional and renewable
energy, the company creates innovative solutions for smart grids.

This communication does not constitute an offer or the solicitation
of an offer to buy, sell or exchange any securities of 3W Power. This
communication contains forward-looking statements which include, inter
alia, statements expressing our expectations, intentions, projections,
estimates, and assumptions. These forward-looking statements are based
on the reasonable evaluation and opinion of the management but are
subject to risks and uncertainties which are beyond the control of 3W
Power and, as a general rule, difficult to predict. The management and
the company cannot and do not, under any circumstances, guarantee future
results or performance of 3W Power and the actual results of 3W Power
may materially differ from the information expressed or implied in the
forward-looking statements. As a result, investors are cautioned against
relying on the forward-looking statements contained herein as a basis
for their investment decisions regarding 3W Power.

3W Power undertakes no obligation to update or revise any
forward-looking statement contained herein.

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